Casalena considered the offer long and hard, but he didn t want to give up control. Instead, he opted to stay independent and bring in outside investors for the first time, allowing him to accelerate hiring and product development and also sell some of his stock.
He didn t know it at the time, but in raising a $38.5 million financing round, Casalena was making a billion-dollar decision for himself and a highly lucrative one for venture firms Index Ventures and Accel Partners.
Squarespace, which sells tools for easy website creation and publishing, debuted on the New York Stock Exchange on Wednesday with a market value of $6.6 billion. Casalena, the company s biggest stakeholder, owns shares worth $2.4 billion, while Index and Accel control holdings valued at $944 million and $750 million, respectively.
Squarespace CEO Is Worth $2 4 Billion After Web Company He Built in College Holds NYSE Debut nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
Squarespace IPO: Everything you need to know about Squarespace
Joshua Warner May 14, 2021 3:16 PM
Squarespace is set to go public by a direct listing that could cause a volatile start to life as a publicly-traded company. We explain everything you need to know about the listing and the business. Share:
When is the Squarespace IPO?
Squarespace is going public via a direct listing on the New York Stock Exchange on or around Wednesday May 19. It will list under the ticker ‘SQSP’.
A direct listing means only existing shareholders will sell shares and that Squarespace won’t issue any new shares or raise any cash for the business.
UserTesting accueille deux nouveaux membres au sein de son conseil d administration silicon.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from silicon.fr Daily Mail and Mail on Sunday newspapers.
UserTesting Welcomes Two New Members to Its Board of Directors
Brings added financial and operational experience on external public boards to its committee UserTesting, a leading provider of on-demand human insights, today announced the addition of two new members to the board of directors with the election of Shannon Nash, and Cindy Russo, who will serve as the audit chair. These two women bring a wealth of financial and operational experience as UserTesting continues to expand and diversify the board.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210304005388/en/
UserTesting Welcomes Two New Members to Its Board of Directors (Graphic: Business Wire)